Satsyi?alizm, kapitalizm, transfarmatsyi?a
Socialism, Capitalism, Transformation reveals the mind of an academic who was not afraid to turn politician when the opportunity arose. In it, Leszek Balcerowicz, leader of the largest opposition party in Poland, former Deputy Prime Minister and Minister of Finance, summarizes some twenty years of research into the connections between economic and political institutions and human behaviour, institutional change, and the way such change occurs. Part I provides a comparative analysis of capitalist and socialist regimes, examining in particular the compatibility of different economic and political institutions and policies. In Part II Balcerowicz discusses institutional change, focusing on the post-communist transition in Central and Eastern Europe since the late 1980s. He deals with political and economic developments and looks at the interplay between them. Here he blends academic knowledge with the insight gained while holding a position of major government responsibility during Poland's period of 'extraordinary politics'. Part III contains writings on Poland's own economic transformation and related political developments. The final chapter consists of personal recollection of Poland's reforms - an insider's view of a pivotal phase in that country's history.
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administrative prices agriculture assets Balcerowicz basic behaviour Bulgaria capitalism cent central planning Chapter competition controls Czech Republic Czechoslovakia debt decline definition democracy democratic differences discussed Eastern Europe economic growth economic policy economic programme economic reform economic system economic transition economists efficiency elimination especially example exchange rate factors fiscal foreign trade former framework groups Hungary hyperinflation important increased inflation inherited initial conditions innovations investment labour macroeconomic macroeconomic stabilization managers market economy market socialism market-oriented reform massive mechanism minister monetary motivational nomenklatura non-democracy output owners ownership law ownership structure performance Poland Polish Polish zloty possible post-socialist post-socialist countries price liberalization private enterprise private firms private sector problem production property rights radical economic relative respect result role Romania Sejm shortages situation Slovakia socialism socialist economy Soviet Union statistical strategy theory unemployment variables various wage World Bank
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